The Ninth Circuit on Wednesday tossed Stan Lee Media Inc.'s lawsuit against its former president, comic book legend Stan Lee, alleging it owns characters he created or co-created, including Spider-Man, Iron Man and the X-Men, calling the company's claim "simply implausible."
The U.S. Securities and Exchange Commission neglected to perform required background checks before giving security keycards to some of its workers and failed to document who received those keycards, according to a previously undisclosed report by the agency’s inspector general.
A New York bankruptcy judge issued an opinion Wednesday that let the Dewey & Leboeuf LLP trustee proceed with $4.4 million clawback litigation connected to payments a group of former partners received when the doomed firm was allegedly insolvent.
Wells Fargo Bank NA can't escape a $203 million class action penalty for misrepresenting the way it processed debit cards in order to maximize overdraft fees, a Ninth Circuit panel ruled Wednesday, saying the bank's false statements support the lower court's decision.
McGraw-Hill Financial Inc. is in talks to end a Securities and Exchange Commission investigation into its Standard & Poor's Ratings Services unit, taking a $60 million charge this quarter to cover potential costs in a resolution there, it said Wednesday.
Anadarko Petroleum Corp. subsidiary Western Gas Partners LP will buy private-equity backed Nuevo Midstream LLC for $1.5 billion, bolstering development potential in the fertile Delaware Basin where its parent is producing energy.